In March 2017, China's textile and apparel trade volume of $22 billion 150 million, an increase of 16.7%, of which exports $20 billion 10 million, an increase of 18.8%, imports of $2 billion 130 million, an increase of 0.4%, the trade surplus of $17 billion 880 million, an increase of 21.4%.
Textile and clothing trade in the first quarter amounted to $60 billion 550 million, down 0.9%, of which exports of 54 billion 900 million U. s.dollars, down 1.7%, imports of 5 billion 650 million U. s.dollars, an increase of 6.9%, the cumulative trade surplus of 49 billion 250 million U. s.dollars, down 2.6%.
Internal and external environment for the better recovery of exports
In the first quarter of 2017, thanks to the slow recovery of the global economy and the steady improvement of the domestic economy, textile and garment exports gradually stabilized and showed a pick-up trend.
Although the total exports year-on-year has yet to resume growth, but the decline compared to the third quarter of 2016 and the fourth quarter was significantly reduced, especially in March, the base year is relatively high, the month exports still achieve rapid growth, a good start for a quarter of the formation of strong positive pull.
A quarter of exports to stabilize the main reasons are the following: one is the global economy sustained improvement in external demand to pick up signs. China's foreign trade export leading index rose steadily for 5 consecutive months, and the export enterprises' new orders index rose for the 5 consecutive month. From the key market point of view, the EU, the United States, ASEAN and Japan's export volume fell last year to varying degrees of narrowing, Russia's exports to achieve two digit growth.
Two domestic economic stability to the good. Gross domestic product grew by 6.9% in the first quarter, exceeding market expectations; the PMI index rose for the two consecutive month and remained in expansion for the 8 consecutive month, reflecting the steady development of the manufacturing sector.
Three is relatively low base year on year. A good start in the first quarter, is conducive to enhancing corporate confidence, boosting the export growth momentum in the latter part. However, due to many uncertain factors, the basis for the current favorable conditions for growth still need to be further strengthened. Preliminary estimate, if the external market can maintain steady recovery, textile exports in the two quarter will achieve slight growth.
In addition, the price decline led to negative growth in garment exports. Textile exports were basically flat in the first quarter, and the total export volume of the goods declined, which was still down by 2.9%. The main reason for the decline was price decline. Needle woven garments total export volume grew by 2.2%, and export unit price dropped by 2.7%.
Among them, knitting clothing decreased by 12.5%, woven clothing decreased by 0.5%. Textiles, yarn, fabric exports have increased, yarn export prices increased by 0.9%, fabrics fell by 7%.
A quarter of China's provinces (city) export recovered growth, exports, Fuzhou area except for the top 5, all to restore growth, Zhejiang, Guangdong, Jiangsu, Shandong, an increase of 0.7%, 8.1%, 5.6% and 1% respectively, Fujian fell more, a drop of 21%.
"Belt and Road Initiative key provinces Xinjiang exports to maintain growth, a quarter of the total exports of $1 billion 70 million, an increase of 27.7%, which accounted for 80% of apparel exports grew by 28.8%.
New trade is booming, and trade exports generally decline
Emerging trade formats are still developing rapidly. The first quarter, the main trade in general trade, processing trade exports fell by 4.5%, down 8.3%, border trade fell 13.6%, a decline of more than average, only to the tourist trade, market purchase trade based "other" trade growth reduction, an increase of up to 75.7%, to further enhance the share of 8.1% in exports, has become the main supporting force of the slowdown in exports fell.
Imports, trade grew by 15.1%, and processing trade fell by 1.3%.
The European Union has fallen above the average and the countries of the union differ widely
In 2017, the European economy entered a slow recovery, according to statistics released by the European Statistical Office, in the first quarter, the EU 28 countries GDP initial value grew by 1.9%, an increase of 0.4%. China's textile and apparel exports to the EU $9 billion 580 million, down 3.2%, fell more than the average value, which is mainly to the EU fell more original 15, a decline of 4.5%, to 13 in later joined the total increase of 11.8%, of which Poland, Hungary and Slovenia and other countries have achieved rapid growth. The total export volume of commodity needle woven garments increased by 5.2%, and the export unit price dropped by 8%.
A slight decrease in garment exports to the United States increased the amount of price reduction
As the largest independent market, China's exports to the United States suffered the first drop in nearly 20 years in 2016. In the first quarter of 2017, although the economic performance was poor, for example, according to data released by the US Department of Commerce, the US GDP grew by only 0.7% in the first quarter, lower than the fourth quarter of last year, and the market is still in a weak recovery stage.
However, China's textile and apparel exports to the United States $9 billion 90 million, representing a decline of 0.8%. Among them, textiles grew by 4.6%, clothing dropped by 2.8%. Among the commodities, the total export volume of needle woven garments increased by 2.3%, and the export unit price dropped by 5.5%.
Exports to ASEAN fell year after year, and the market recovered slowly
The recovery of the ASEAN market is relatively slow, and exports to ASEAN still fell by 6% in the first quarter, but it has improved significantly compared with the fourth quarter of last year. Among them, textiles and clothing decreased by 2.9% and 14.3%, respectively, 3% of the bulk goods fabrics, yarn growth of 2.5%. Needle woven garments total exports fell by 4.8%, export unit price continued last year's decline, down 12.4%.
In the 10 ASEAN countries, exports to Indonesia, Kampuchea and Burma grew year by year, while all the other 7 countries declined, with a drop of 1% against Philippines, which grew rapidly last year.
The decline in Japan narrowed, rebounded.